CATEGORIES

How to build a ₹5-cr nest egg with ₹1.5 lakh monthly salary

My cousin (35) earns ₹1.5 lakh per month and paid off a home loan. He invests ₹45,000 in mutual fund SIPs (Nippon Indian small cap, Mirae bluechip and PPFAS flexi-cap) a month; and ₹50,000 in National Pension System every year. How much more should he invest to build a ₹5-crore retirement corpus? -Name withheld on request

File wage details by January-end for higher pension

Retirement fund body, the Employees' Provident Fund Organisation (EPFO) has extended time till 31 January for employers to upload wages and other details regarding the 310,000 pending applications for pension on higher wages.

Telecom sector gets ₹331.8 cr PLI boost

The government has disbursed a total incentive of ₹331.86 crore to 18 of 42 beneficiaries under the telecom PLI scheme as on 31 October. Parliament was informed on Wednesday.

Infosys inaugurates centre near Kolkata

Infosys Ltd's new software development campus opened at New Town in Kolkata on Wednesday.

Real estate attracts record investments

Institutional investment in Indian real estate rose 51% to a record $8.87 billion during 2024 as investors look to encash strong demand for housing, office and warehousing properties, according to JLL.

BofA's CEO says he's just getting started

As he turned 65, Bank of America Corp.'s Brian Moynihan took the stage at a town hall meeting and sent a jolt through the crowd, saying he wants to still be CEO when the stock eclipses $100.

ITC consolidates its Oberoi, Leela stakes

TC Ltd, which is demerging its hotels business from January 2025, on Wednesday said it has acquired shareholding of rival hospitality chains Oberoi and Leela from its wholly owned arm, Russell Credit Ltd.

Vishal Mega Mart up 43.50% on day 1

Shares of Vishal Mega Mart Ltd surged 43.50% in debut trade on Wednesday against the issue price of ₹78.

Indian firms face fraud surge: PwC

Many Indian organizations faced financial or economic fraud in the past 24 months where procurement fraud emerged as the top threat, a PwC survey said.

Bangladesh's new dawn is darkened by settling of old scores

When Bangladesh Prime Minister Sheikh Hasina was toppled in August in a student-led uprising, it was supposed to be a new dawn for the young country. Instead, the raw wounds left by her repressive rule have prompted many to pursue revenge by weaponizing the law—just as she did.

Direct taxes grow faster than budget estimate so far in FY25

Kitty swells 16.45% against full-year budget target of 13% to ₹15.8 tn so far this fiscal

Israel signals plans to control security in Syria buffer zone and Gaza

Netanyahu and his defense minister visit strategic Mount Hermon peak in Syria

Biden admin relaxes H-1B visa rules to hire foreign workers

The rule also extends certain flexibilities for students on F-1 visas seeking to change their status to H-1B

Production resumes at strike-hit Boeing units

Boeing Co. said it has resumed production across its range of aircraft programmes at factories in the Pacific Northwest after they were shut down for weeks because of a lengthy workers strike.

Acquisitions, new builds to fuel Chalet Hotels' expansion

The company is looking to capitalize on the hospitality sector's robust growth phase

Nvidia introduces device aimed at small companies, hobbyists for AI use

Nvidia said Tuesday that it was introducing a $249 version of its Jetson computer for artificial intelligence applications, half the price of its predecessor, to attract more hobbyists and small companies.

Calculation error likely in India gold import data

A surge in gold imports that widened India's trade deficit to a record last month and pushed the rupee to an all-time low was due to an error in calculation, according to people with knowledge of the matter.

State-run and private companies compete to bag top talent from IITs

The Unique Identification Authority of India (UIDAI) are among the PSUs that have swooped on campuses early. Others include Hindustan Petroleum Corp. Ltd (HPCL), Chennai Petroleum Corp. Ltd (CPCL), Gas Authority of India Ltd (Gail), Centre for Development of Telematics (C-DoT), and Bharat Petroleum Corp. Ltd (BPCL).

TVS Credit eyes Avendus Capital to widen financial services play

TVS Credit Services is exploring the acquisition of Avendus Capital to expand its financial services offerings.

Nissan, Honda India ops to gain from potential merger

Merger could align the cos' moves to collaborate in electrification and software development

Diversity hiring from campuses rises

Companies in India are increasing diversity hiring for roles ranging from software development to mechanical engineering as they try to come across to investors and the public as forward-thinking entities with good corporate governance norms.

ABB buys Siemens Gamesa's power unit

Siemens Gamesa said on Wednesday that it is selling its power electronics arm to ABB, including its Indian assets for an undisclosed sum.

CCI holds off: Quick commerce gets relief

Predatory pricing claims by trade body shadow instant commerce growth

Shriram Fin raises $1.28 bn in record offshore loan

The loan adds to this year's rush of offshore debt sales by Indian shadow lenders after RBI tightened rules

Dalmia Bharat on tough terrain as sectoral woes hurt

As the cement sector struggles with muted prices, some firms may feel more heat than others. A case in point is Dalmia Bharat Ltd. Its two core markets—east and south—are poised to see increased pricing pressure.

Thursday set for big move as option traders pile up huge bets

Market sentiment turned extremely bearish, coinciding with US Fed policy and ahead of the weekly Nifty expiry on Thursday, as traders sold a record value of market-wide calls relative to put options.

IDFC needs many stars to align

Cost pinch IDFC First Bank's elevated cost-to-income ratio and credit costs put pressure on its profit

One Mobikwik up 90% on debut

The stock began the trade at ₹442.25, reflecting a jump of 58.51% from the issue price on the BSE

RBI dials down on NDFs to fight dollar

The central bank has started to rein in its ballooning non-deliverable forwards (NDFs) book, according to people familiar with the matter, shifting away from one of its key tools to push back against the strong dollar.

Rupee hits new low of 84.96 on merchant dollar bids

The Indian rupee hit its all-time low on Wednesday, pressured by strong dollar demand from importers and likely outflows from local equities, while intervention by the Reserve Bank of India curbed losses, traders said.